A couple of new announcements from Covalent team, most of which I find exciting and a relief to much asked questions like the tokenomics. The on a popular ICO review website, ICODROPS, you can find details of COVA tokens. Also, No Public Sales. Really?
Yes, that's correct. They don't have plans to hold a public sale due to regulatory concerns. The only way now to get tokens is to buy them on Huobi once COVA got listed there. Because both the Airdrop and the private sale are already over and the only other way you could've gotten tokens was when voting for Cova to get listed on Huobi.
Nice update, but selling the token through the Huobi exchange, how will it be done? Will it be sold through COVA's own personal account? Seeing that there is no public ssle and it's not logical that people who acquired through private sale will sell this early.
They are not selling tokens through Huobi! The tokens you'll be able to buy there are from private-sale or airdrop participants or from people who got them for voting. The team is NOT selling their devs token on Huobi.
there really was a misunderstanding for a long time, which tokens are now sold on Huobi. I also thought for a long time that Cova would sell the tokens for public sale via Huobi. But unfortunately this is not the case.
I hope that some will sell their private sale tokens, because I really want to have some.
You think it's bad that the team doesn't 'dump' their tokens on Huobi? If you ask me, it's great that they are not selling their tokens. They have gotten a sufficient amount of money in the private sale to fund the development and they don't rely on additional funding at the moment. So that they hold their tokens just shows that they believe in their project and do not only sell them for a quick profit.
